Property News · December 21, 2015

10 things you need to know about the price of oil


With oil prices falling to an 11-year low, we look at whether it’s good news or bad for motorists, airlines and the economy The price of oil has fallen to a fresh low, with a glut of production coming not just from US frackers but also from Iran as sanctions are lifted. Supermarkets are fighting each other to offer unleaded petrol at below £1 a litre, and economists are pencilling in higher growth as consumers feel the benefit. On Monday morning the price of Brent crude fell another 1.6% to hit just $36.30. So what does this mean for motorists and everyone else? Continue reading…

Source : theguardian.com
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